Floraville is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 1,814, the suburb has an established demographic with a median age of 40. Households earn a median income of $111K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Floraville is $885,000, having dropped significantly 28.8% over the past year. Units have a median price of $682,000 (-1.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,123.
Public transport access includes 9 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Floraville offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($885K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -28.8% year-on-year.
Floraville is a small community in New South Wales within the Lake Macquarie local government area (postcode 2280). With a population of 1,814, the suburb has an established demographic with a median age of 40. Households earn a median income of $111K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Scottish.
The median house price in Floraville is $885,000, having dropped significantly 28.8% over the past year. Units have a median price of $682,000 (-1.9% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,123.
Public transport access includes 9 bus stops. The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Floraville offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($885K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -28.8% year-on-year.